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In April, French 10 years Bonds interest rate has fluctuated between -0.07% and +0.08%. That astonishing stability brings at first a serious denial to these who for years are announcing that low rates are a disorder and that they will inevitably rebound. The situation is not characteristic of France. In several other European countries, sometimes more indebted, rates remained at a very low level. In the United States, uncertainties about the new president economic policy and his ability to make it approved by the Congress had brought some volatility. But the 10 years Bond has never exceeded 1 ...
When he was going to East-Berlin, a few months after the fall of the Wall, the attention of the visitor was attracted on the large city squares by the queues around trucks which have been transformed in travel agencies. Berliners would, at last, can see again their closed relatives or discover neighboring countries. But it was not all. Women were also pressing themselves around street desks set to buy tights. Their sale had been forbidden by the regime because this consumption habit was imported from capitalist countries. So their political leaders didn’t deprive themselves to intervene on the most ...
The governments action against the economic consequences of the pandemic is testifying of a deep disruption in the principles which have been, for near half a century, the foundations of economic policy. They have put at the disposal of enterprises and employees the financing allowing them, for the time being, to cope with the activity fall and the employment cuts resulting from it. The State-guaranteed loans allowed banks to support their clients without taking themselves risk. Its taking of part-time unemployment benefits financing had the same purpose: they offered to enterprises the possibility to keep their employees without affecting the ...
We could ask ourselves what kind of link could exist between the debate generated by the project to rename the Orsay Museum with the name of the one who was its inspiration, Valery Giscard d’Estaing and the admission of the degradation of the French research and industry achievements which is not new. All the same, this admission is real, it is coming from a long time ago and it emerges from one of the most anchored characteristics of the French society.
These who were opposing the change of the name put forward, and they won, that it was unfair ...
Le nouvel Etat-stratège
Le dernier livre d'Alain Boublil, le nouvel Etat-statège (Editions de l'Archipel) est paru le 5 février 2014.
Le livre apporte les réponses de son auteur à la question qui est, en France, au centre de tous les débats politiques: "Que peut-on attendre de l'Etat aujourd'hui ? " Et il formule plusieurs suggestions sur l'exercice du pouvoir tirées de son expérience passée auprès de François Mitterrand. Observateur de l'économie mondiale comme conseil des nombreuses grandes entreprises qui ont fait appel à lui, il trace un portrait de la France d'aujourd'hui bien moins pessimiste que ce que l'on entend parfois, à condition que chacun fasse preuve de lucidité sur ses propres comportements.
Les exigences ont certes été exacerbées par la crise. Mais y faire face est de plus en plus difficile car l'écart s'est creusé entre les attentes de chacun et la réduction des marges de manoeuvres publiques du fait des règles internationales, de l'endettement et des contraintes environnementales.
En dix chapitres, Alain Boublil dresse un bilan sans complaisances, prend la mesure des possibilités et des limites de l'Etat et il ouvre des voies nouvelles pour l'action publique. Il évoque le sauvetage de l'euro, le fardeau de la dette et le ras-le-bol fiscal, l'Etat-patron de Colbert à Jean-Marie Messier, le retour du complexe vis-à-vis de l'Allemagne et les nouveaux outils de l'Etat-stratège dans la mondialisation face aux défis industriels, aux enjeux de la transition énergétique, à la "dictature du CO2" et à la révolution du gaz de schiste. Et il met en garde contre les dérives de l'Etat-spectacle, qui gènent l'efficacité de l'action publique et les facilités de l'Etat-guichet qui débouchent sur le clientélisme.
La Publication la plus lue
In April, French 10 years Bonds interest rate has fluctuated between -0.07% and +0.08%. That astonishing stability brings at first a serious denial to these who for years are announcing that low rates are a disorder and that they will inevitably rebound. The situation is not characteristic of France. In several other European countries, sometimes more indebted, rates ...